Australia Has The World's Worst Money-Laundering Property Market
Authored by Leith van Onselen via MacroBusiness.com.au,
Transparency International has released a new report, entitled Doors Wide Open: Corruption and Real Estate in Four Key Markets, which has identified Australia, Canada, the UK and the USA as the top four spots targeted by corrupt officials or criminals for real estate crime.
Australia is the worst, failing to address 10-out-of-10 loopholes.
Below are the key extracts: